Americas top stories: weekly summary
ICIS Editorial
24-Sep-2018
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 21 September.
US Univar to
acquire chem distributor Nexeo for
$2bn
Univar has agreed to acquire Nexeo in an
approximate $2bn cash and stock transaction,
the US-based chemical and plastics distributors
announced on Monday.
US chem
distributor Univar seeks to divest Nexeo
plastics unit as part of $2bn
deal
Univar is considering divesting Nexeo
Solutions’ plastics business as part of the
companies’ $2bn acquisition deal out
of a desire to stay focused on chemicals and
ingredients distribution, the US-based
company’s CEO said on Monday.
Univar seeks
transformational growth with $2bn Nexeo
acquisition
US-based chemical distributor Univar aims to
become the premier global distributor of
chemicals and ingredients with its planned
$2bn acquisition of Nexeo Solutions,
Univar’s CEO said on Monday.
US to impose
tariffs on $200bn worth of Chinese imports, may
add more
The US will impose tariffs on $200bn worth of
imports from China, many of which include
plastics and petrochemicals, President Donald
Trump said on Monday.
Final $200bn US
tariffs against China excludes some
chemicals
The list of US tariffs against China in the
latest $200bn round excludes 297 products from
the original list, including some chemicals.
China to slap 5%
& 10% tariffs on $60bn of US goods from 24
September
China’s Ministry of Finance announced late on
Tuesday it would impose 5% and 10% tariffs on
$60bn of US goods from 12:01 Beijing time on 24
September as a countermove against
the latest US measure.
Revised US tariff
list removes 142 chemical, plastic products –
ACC
The US removed 142 chemical and plastic
products from the latest round of tariffs that
it will impose on Chinese imports next week,
the American Chemistry Council (ACC) said on
Tuesday.
Cornerstone mulls
new US ACN train for 2023
Cornerstone Chemical Company is considering an
additional 130,000
tonnes/year acrylonitrile (ACN) train
in the US, with commercial production expected
to begin in 2023, the producer said in a press
release.
US Dept of
Commerce announces final dumping margins
determination on PET imports
The US Department of Commerce has
announced final dumping margins for
polyethylene terephthalate (PET) resin from
Brazil, Indonesia, Korea, Pakistan and Taiwan
to the US, issued this week.
US September PS
prices settle at increase
US September polystyrene (PS) contracts have
settled at an average increase of 2 cents/lb
($44/tonne) following higher feedstock prices
in August.
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